Norwex and CID Resources sign new industrial leases in Freeport VI and XIV
Dallas, TX – May 7, 2013 – (RealEstateRama) — Duke Realty Corporation’s (Duke Realty) Dallas office has announced that two companies have signed new leases totaling 224,105 square feet in two of its properties in Freeport North, a 13-building industrial campus in Coppell, Tex. CID Resources, Inc., a medical apparel provider, will occupy 114,105 square feet in Freeport VI, a 228,000-square foot building located at 601 South Royal Lane, beginning in June 2013. Additionally, Norwex USA, Inc., a Norwegian-based company specializing in reduced-chemical household and personal care products, just moved into 110,000 square feet in Freeport XIV, a 143,000-square foot building located at 800 W. Bethel Road.
“We are pleased that CID Resources and Norwex have chosen to locate their operations in two of Duke Realty’s Freeport North properties,” said Jeff Thornton, Senior Vice President of Duke Realty’s Dallas operations. “Our Freeport industrial park continues to be a best-in-class option to businesses due to its location and quality of properties. Proximity to D/FW Airport and major highways, coupled with modern, state-of-the-art buildings, makes Freeport North a great choice for companies involved in product warehousing and distribution.”
“Both CID Resources and Norwex needed quality warehouse space with ready highway access to facilitate the distribution of their products,” said Randy Wood, Vice President, Leasing, with Duke Realty. “Our team was able to effectively respond to both clients, offering superior, well-located properties and building out their spaces quickly and cost effectively so that they could occupy their spaces per their specified timelines.”
Ryan Boozer with Mercer Company represented CID Resources, while Sharron Morrison and Brad Struck with Transwestern represented Norwex in their respective transactions. Randy Wood, Vice President, Leasing, represented Duke Realty in both leases.
Freeport North is located just off I-635 and Freeport Parkway. Properties within the park range from 50,000 to 1.1 million square feet and include features such as 24?–36? clear heights, wide bay widths, and plentiful trailer parking, dock and drive-in doors. Numerous incentives also are available including Triple Freeport inventory tax exemptions, real property tax abatements and Foreign Trade Zone status.
Parties interested in available space at Freeport North are invited to contact Randy Wood at 972.351.6739 or .
About Duke Realty
In the Dallas-Fort Worth area, Duke Realty owns, manages, or has under development more than 16 million square feet of industrial, suburban office and medical office properties and has strategic land positions available for future development. Duke Realty’s local offices are located at 14241 N. Dallas Parkway, Suite 1000.
On a nationwide basis, Duke Realty owns and operates approximately 145 million rentable square feet of industrial and office assets, including medical office, in 18 major U.S. cities. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty is available at www.dukerealty.com.